Icoreconnect Common Stock Stock Probability of Future Stock Price Finishing Under 0.37
| ICCT Stock | USD 0.22 0.03 15.79% |
ICoreConnect |
ICoreConnect Common Target Price Odds to finish below 0.37
The tendency of ICoreConnect Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 0.37 after 90 days |
| 0.22 | 90 days | 0.37 | about 71.95 |
Based on a normal probability distribution, the odds of ICoreConnect Common to stay under $ 0.37 after 90 days from now is about 71.95 (This iCoreConnect Common stock probability density function shows the probability of ICoreConnect Stock to fall within a particular range of prices over 90 days) . Probability of iCoreConnect Common stock price to stay between its current price of $ 0.22 and $ 0.37 at the end of the 90-day period is about 46.76 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.99 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ICoreConnect Common will likely underperform. Additionally ICoreConnect Common stock has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ICoreConnect Common Price Density |
| Price |
Predictive Modules for ICoreConnect Common
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as iCoreConnect Common stock. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICoreConnect Common's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ICoreConnect Common Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ICoreConnect Common is not an exception. The market had few large corrections towards the ICoreConnect Common's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold iCoreConnect Common stock, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ICoreConnect Common within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.96 | |
β | Beta against Dow Jones | 1.99 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.07 |
ICoreConnect Common Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ICoreConnect Common for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for iCoreConnect Common stock can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ICoreConnect Common generated a negative expected return over the last 90 days | |
| ICoreConnect Common has high historical volatility and very poor performance | |
| ICoreConnect Common has some characteristics of a very speculative penny stock | |
| ICoreConnect Common has a very high chance of going through financial distress in the upcoming years | |
| iCoreConnect Common stock currently holds 7.88 M in liabilities. iCoreConnect Common stock has a current ratio of 0.34, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about ICoreConnect Common's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 8.15 M. Net Loss for the year was (15.55 M) with profit before overhead, payroll, taxes, and interest of 3.38 M. | |
| iCoreConnect Common stock currently holds about 164.26 K in cash with (8.82 M) of positive cash flow from operations. | |
| Roughly 33.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Disposition of 47600 shares by Periscope Capital Inc. of ICoreConnect Common subject to Rule 16b-3 |
ICoreConnect Common Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ICoreConnect Stock often depends not only on the future outlook of the current and potential ICoreConnect Common's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ICoreConnect Common's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.3 M | |
| Cash And Short Term Investments | 1.2 M |
ICoreConnect Common Technical Analysis
ICoreConnect Common's future price can be derived by breaking down and analyzing its technical indicators over time. ICoreConnect Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of iCoreConnect Common stock. In general, you should focus on analyzing ICoreConnect Stock price patterns and their correlations with different microeconomic environments and drivers.
ICoreConnect Common Predictive Forecast Models
ICoreConnect Common's time-series forecasting models is one of many ICoreConnect Common's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ICoreConnect Common's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about iCoreConnect Common stock
Checking the ongoing alerts about ICoreConnect Common for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for iCoreConnect Common stock help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ICoreConnect Common generated a negative expected return over the last 90 days | |
| ICoreConnect Common has high historical volatility and very poor performance | |
| ICoreConnect Common has some characteristics of a very speculative penny stock | |
| ICoreConnect Common has a very high chance of going through financial distress in the upcoming years | |
| iCoreConnect Common stock currently holds 7.88 M in liabilities. iCoreConnect Common stock has a current ratio of 0.34, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about ICoreConnect Common's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 8.15 M. Net Loss for the year was (15.55 M) with profit before overhead, payroll, taxes, and interest of 3.38 M. | |
| iCoreConnect Common stock currently holds about 164.26 K in cash with (8.82 M) of positive cash flow from operations. | |
| Roughly 33.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Disposition of 47600 shares by Periscope Capital Inc. of ICoreConnect Common subject to Rule 16b-3 |
Additional Tools for ICoreConnect Stock Analysis
When running ICoreConnect Common's price analysis, check to measure ICoreConnect Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICoreConnect Common is operating at the current time. Most of ICoreConnect Common's value examination focuses on studying past and present price action to predict the probability of ICoreConnect Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICoreConnect Common's price. Additionally, you may evaluate how the addition of ICoreConnect Common to your portfolios can decrease your overall portfolio volatility.